Orbex - Forex Trading Library

As we mentioned a few days ago and as we see on our previous chart, the GBPUSD pair met the target of 1.2800. If the market keeps holding prices below 1.2800-15, then a correction will be expected with supports laying at 1.2640  and…
Read More

The Euro remains in a tight trading zone as we see on the chart. The market could sustain this trading zone, while above 1.0895 more of an advance could see the pair hit a second resistance around 1.0980. Below 1.0750, a drop in price…
Read More

AUDUSD on a slippery slope The Australian dollar continues to slide after hitting its lofty peak at 0.6700. With the RBA keeping its rate unchanged at 4.35%, they also confirmed that getting to their inflation target would not be easy. In…
Read More

Trump Conviction: Does It Matter to the Markets? Elections are important to markets, because whoever is in the White House has a lot of influence over regulations and other matters that affect the economy, stock market and monetary policy.…
Read More

XAGUSD hits resistance Silver slides as the metal market generally continues to look for direction. Since the upsurge a few sessions ago, bears have halted any significant advance above 32.50, where firm resistance was set. For now, the…
Read More

As we advised yesterday, Crude Oil hit another rebound correction, which we had anticipated in the last few weeks. As we look at the chart, if price action remains below the resistance of 81.25, another drop towards 77.50 will be…
Read More

As we mentioned yesterday and shown on the chart, the Dow fell below the 38500-600 support, which could add more pressure as prices head towards the 37700 zone. If the price holds below 38500-600, a chance for a further drop toward 37700…
Read More

Gold dropped further today and managed to close away from the support of 2320. The chart shows that the market is facing a trading zone between support 2320 and resistance 2380. Below 2320, more of a drop is expected, with the first…
Read More

As we predicted yesterday and on the chart, the USDJPY pair managed to sustain an advance and hit 157.70. Our target and resistance is still around 158.00, which could give a chance for another drop, with support around 155.80 Above…
Read More

As we monitored yesterday and seen on our previous chart, the GBPUSD pair managed to meet the target of 1.2800. As we can see on the chart, if the market keeps holding prices below 1.2800-15, a correction is expected with support at…
Read More